Pinnacle Wealth Management Advisory Group LLC Acquires 107,635 Shares of JPMorgan Hedged Equity Laddered Overlay ETF $HELO

Pinnacle Wealth Management Advisory Group LLC lifted its stake in JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) by 58.0% during the 2nd quarter, Holdings Channel reports. The firm owned 293,065 shares of the company’s stock after acquiring an additional 107,635 shares during the period. JPMorgan Hedged Equity Laddered Overlay ETF makes up 1.2% of Pinnacle Wealth Management Advisory Group LLC’s holdings, making the stock its 21st biggest holding. Pinnacle Wealth Management Advisory Group LLC’s holdings in JPMorgan Hedged Equity Laddered Overlay ETF were worth $19,805,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Taylor Securities Services Inc. acquired a new position in JPMorgan Hedged Equity Laddered Overlay ETF in the fourth quarter valued at about $49,730,000. Cetera Investment Advisers grew its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 70.8% during the 1st quarter. Cetera Investment Advisers now owns 1,584,346 shares of the company’s stock worth $101,256,000 after buying an additional 656,912 shares during the period. LPL Financial LLC increased its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 20.8% in the 4th quarter. LPL Financial LLC now owns 3,189,556 shares of the company’s stock valued at $211,882,000 after acquiring an additional 549,559 shares during the last quarter. Bank of America Corp DE increased its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 22.4% in the 3rd quarter. Bank of America Corp DE now owns 2,053,130 shares of the company’s stock valued at $133,453,000 after acquiring an additional 375,879 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 26.6% in the 4th quarter. Raymond James Financial Inc. now owns 1,742,174 shares of the company’s stock valued at $115,733,000 after acquiring an additional 365,572 shares during the period.

JPMorgan Hedged Equity Laddered Overlay ETF Price Performance

JPMorgan Hedged Equity Laddered Overlay ETF stock opened at $69.39 on Wednesday. The company’s 50 day simple moving average is $68.82 and its 200 day simple moving average is $67.40. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 25.99 and a beta of 0.56. JPMorgan Hedged Equity Laddered Overlay ETF has a fifty-two week low of $63.24 and a fifty-two week high of $70.23.

About JPMorgan Hedged Equity Laddered Overlay ETF

The JPMorgan Hedged Equity Laddered Overlay ETF JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an exchange-traded fund that mostly invests in large cap equity. The fund actively manages a large-cap US equity portfolio with a laddered options overlay that seeks to provide downside protection, while foregoing some upside potential. The fund aims for enhanced risk-adjusted return over a full market cycle with lower volatility than traditional equity strategies HELO was launched on Sep 28, 2023 and is issued by JPMorgan Chase.